Ann: Fortescue earns 51% in Lake Torrens Project, page-4

There are still a lot of other untested prospectus yet to be drilled, such as, a large area to the immediate west of Vulcan is a more “grass roots” style exploration target, which includes the Zeus IOCG target (undrilled) is about 90km2 in area and is highlighted by a number of moderate-strength gravity and magnetic anomalies which appear to occupy the area linking the Vulcan IOCG system to another large (but low grade and magnetite dominated) IOCG system at Titan. FMG has plenty of cash and would stupid to pull out of this very prospective joint-venture project, next door to the world class Olympic Dam mine.